CEO CryptoQuant: Bitcoin is a deflationary asset

The CEO of the analytical platform CryptoQuant, Ki Young Ju, stated that Bitcoin has effectively become a deflationary asset. In his opinion, the key factor in this process is the actions of the company Strategy, which regularly purchases the first cryptocurrency.

"Its 555,000 BTC are illiquid assets with no plans for sale. Only the volumes held by the company indicate an annual deflation rate of -2.23%, which is likely even higher considering stable institutional holders," said the expert.